The Embraer Phenom 300 handed over to NetJets on Friday at Embraer Executive Jets’ Melbourne, Fla. facility marked three major milestones for the light jet program. It not only was the 25th Phenom 300 delivered to the fractional aircraft provider, it was also the 200th Phenom 300 and the 75th U.S.-assembled Phenom.
Second-quarter revenues at Textron Aviation, which includes Cessna and Beechcraft, climbed $623 million year-over-year, to $1.18 billion, reflecting the Beechcraft acquisition in late March and higher jet deliveries. Textron Aviation delivered 70 turbine business aircraft during the quarter–36 Cessna Citations and 34 Beechcraft Kings Airs, up from 20 jets and 14 King Air turboprops in the same period last year.
Royal Jet, Abu Dhabi’s luxury air charter operator, postponed its major fleet-replacement orders until the second half of the year after a board meeting last month. However, the company hopes an eventual delivery schedule will not be affected by this delay.
When Gulfstream Aerospace of Savannah, Ga., unveiled the G650ER at EBACE, the company focused on the aircraft’s extended range of 7,500 nm, which makes it the world’s longest-range business jet (not including private airliners).
Bombardier’s just-released market forecast shows a significant drop in anticipated deliveries of business and commercial aircraft during the coming 20 years compared to last year’s forecast. The current forecast is for deliveries from 2014 to 2033.
Last year, Bombardier forecast deliveries of 24,000 business jets worth $650 billion from 2013 to 2032. The current forecast is for 22,000 business jets worth $617 billion. These numbers are for aircraft segments in which it Bombardier competes with its Learjet, Challenger and Global models.
Bombardier Aerospace’s latest 20-year market forecast, released on Sunday at the Farnborough Airshow, shows a significant drop in anticipated deliveries of business jets compared with its forecast from last year.
The current forecast, which spans from 2014 to 2033, calls for deliveries of 22,000 business jets worth $617 billion. Last year Bombardier predicted demand for 24,000 business jets worth $650 billion from 2013 to 2032. These numbers are for aircraft segments in which the manufacturer competes, with its Learjets, Challengers and Globals.
Preliminary data suggests second-quarter results for business jet deliveries “will not be impressive,” according to J.P. Morgan North American Equity’s latest business jet monthly update. While its analysts note there are aircraft still missing from the database used to track deliveries, “Preliminary indications are that deliveries will fall short of estimates, with the possible exception of Gulfstream,” noted J.P. Morgan lead aerospace analyst Joseph Nadol III.
Embraer Executive Jets delivered 29 business jets in the second quarter, unchanged from the same period last year. However, this year’s mix is slightly more favorable–six Phenom 100s, 16 Phenom 300s, six Legacy 650s and one Lineage 1000, compared with 11 Phenom 100s, 12 Phenom 300s, five Legacy 650s and one Lineage 1000 in last year’s second quarter. In the first half, Embraer delivered a total of 49 business jets (39 light, 10 large) versus 41 (31 light, 10 large) in the first six months of 2013.
Annapolis, Md.-based international business jet and helicopter brokerage firm Avpro opened a new office at Chicago Executive Airport in Wheeling, Ill. The company’s new location, which is being managed by executive sales director Matthew Stringfellow, will help serve Avpro’s growing aircraft brokerage business in the U.S. Midwest, it said. Stringfellow joined Avpro in 2012 and has more than 11 years in business aircraft sales. Avpro has more than 30 employees worldwide.
The business jet market in North America continues to recover, while in Western Europe it is “off the bottom,” UBS Global Research aerospace analysts noted yesterday. “Bizjet deliveries into North America have grown modestly in each of the last several years and we anticipate further improvement in [this region] driven by pent-up corporate replacement demand,” they said.
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